OCR Further Statistics 2018 December — Question 2

Exam BoardOCR
ModuleFurther Statistics (Further Statistics)
Year2018
SessionDecember
TopicDiscrete Probability Distributions
TypeTwo unknowns from sum and expectation

2 In a fairground game a competitor scores \(0,1,2\) or 3 with probabilities given in the following table, where \(a\) and \(b\) are constants.
Score0123
Probability\(a\)\(b\)\(b\)\(b\)
The competitor's expected score is 0.9 .
  1. Show that \(b = 0.15\).
  2. Find the variance of the score.
  3. The competitor has to pay \(\pounds 2.50\) to take part, and wins a prize of \(\pounds 2 X\), where \(X\) is the score achieved. Find the expectation of the competitor's loss.